XP Announces Share Repurchase Program Of Up To 1 Billion Brazilian Reais
Portfolio Pulse from Benzinga Newsdesk
XP Inc. (NASDAQ:XP) has announced a share repurchase program of up to 1 billion Brazilian Reais, to be executed between May 23, 2024, and December 31, 2024. The repurchase will be funded using existing cash and may be adjusted or discontinued based on market conditions.
May 23, 2024 | 1:00 pm
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XP Inc. has announced a share repurchase program of up to 1 billion Brazilian Reais, to be executed between May 23, 2024, and December 31, 2024. The repurchase will be funded using existing cash and may be adjusted or discontinued based on market conditions.
Share repurchase programs typically signal that a company believes its stock is undervalued, which can lead to a positive short-term impact on the stock price. The use of existing cash for the repurchase indicates financial stability.
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